Sandbridge X2 Corp. Units, each consisting of one share of Class A common stock and one-third of one redeemable warrant
SBII.U
SBII.U was delisted on the 25th of November, 2022.
24 hedge funds and large institutions have $48.5M invested in Sandbridge X2 Corp. Units, each consisting of one share of Class A common stock and one-third of one redeemable warrant in 2021 Q4 according to their latest regulatory filings, with 3 funds opening new positions, 4 increasing their positions, 3 reducing their positions, and 9 closing their positions.
33% more repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 3
20% less funds holding
Funds holding: 30 → 24 (-6)
25% less capital invested
Capital invested by funds: $64.9M → $48.5M (-$16.4M)
67% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LIM
Longfellow Investment Management
Boston,
Massachusetts
|
+$254K |
| 2 |
Allianz Asset Management
Munich,
Germany
|
+$250K |
| 3 |
WC
Wealthspring Capital
West Harrison,
New York
|
+$143K |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$720 |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$30 |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$8.14M |
| 2 |
SCM
Shaolin Capital Management
Miami,
Florida
|
-$6.88M |
| 3 |
AGC
Angelo Gordon & Co
New York
|
-$991K |
| 4 |
LOAMU
Lombard Odier Asset Management (USA)
New York
|
-$991K |
| 5 |
SRF
Silver Rock Financial
Los Angeles,
California
|
-$367K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AGC
26
Angelo Gordon & Co
New York
| – | -$991K | -100,000 | Closed |
|
|
LOAMU
27
Lombard Odier Asset Management (USA)
New York
| – | -$991K | -100,000 | Closed |
|
|
AR
28
Advisory Research
Chicago,
Illinois
| – | -$213K | -21,488 | Closed |
|
|
GCL
29
Glazer Capital LLC
New York
| – | -$11K | -1,079 | Closed |
|
|
ICM
30
III Capital Management
Boca Raton,
Florida
| – | -$9K | -1,000 | Closed |
|
31
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$2K | -206 | Closed |
|
SBII.U Hedge Fund Activity: Q4 2021 in Review
24 of the 6,498 institutional investors tracked by Wall St. Rank reported a position in Sandbridge X2 Corp. Units, each consisting of one share of Class A common stock and one-third of one redeemable warrant (SBII.U) for Q4 2021, worth a combined $48.5M — down 25% from $64.9M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of SBII.U and 3 opened new positions — a net loss of 6 holders — while 3 trimmed existing stakes and 4 added.
The largest buyer was Longfellow Investment Management, opening a new position worth an estimated $254K. The largest seller was Millennium Management, exiting entirely with an estimated $8.14M sold.
- 24 institutional investors held Sandbridge X2 Corp. Units, each consisting of one share of Class A common stock and one-third of one redeemable warrant (SBII.U) as of Q4 2021, down from 30 in Q3 2021.
- Funds reported $48.5M of Sandbridge X2 Corp. Units, each consisting of one share of Class A common stock and one-third of one redeemable warrant stock for Q4 2021, down 25% quarter-over-quarter.
- 3 funds opened new Sandbridge X2 Corp. Units, each consisting of one share of Class A common stock and one-third of one redeemable warrant positions in Q4 2021 and 9 closed out, a net change of -6 holders.
- The largest Sandbridge X2 Corp. Units, each consisting of one share of Class A common stock and one-third of one redeemable warrant buyer in Q4 2021 was Longfellow Investment Management, an estimated $254K added.
- The largest Sandbridge X2 Corp. Units, each consisting of one share of Class A common stock and one-third of one redeemable warrant seller in Q4 2021 was Millennium Management, an estimated $8.14M sold.
Based on aggregated 13F filings for Q4 2021.